Tag Archives: Joseph Schumpeter

Armstrong and Schumpeter (and Obama)

Our country continues to mourn the recent passing of a genuine American hero, Neil Armstrong, the first man to walk on the moon.  His death reminds us of the incredible accomplishments of the US space program.  NASA not only achieved …

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Moore’s Law and Creative Destruction

Joseph Schumpeter is credited with the theory of the creative destruction of capitalism, previously discussed in my August 7, 2012 posting. Schumpeter based the theory on the teachings of Karl Marx, who first focused on the destruction aspect: lost jobs, …

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Innovation and the Creative Destruction of Capitalism

By Dennis Zakas of Zakas and Leonard, LLP, Transformational Law My past two postings discussed the dramatic evolution of the recording industry. These changes demonstrate the creative destruction of capitalism. The term is identified with economist Joseph Schumpeter and states …

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